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Who Are the Richest People in Massachusetts?

Fidelity President and Milton resident Abigail Johnson is worth a staggering $17.2 billion, according to Forbes.

File photo.
File photo.
Fidelity President Abigail Johnson is the richest person living in Massachusetts, according to Forbes.

The Milton resident's wealth was estimated at a staggering $17.2 billion.

She was one of six Bay State residents listed on the Forbes 400, a list of the 400 richest people in America. Microsoft founder Bill Gates topped the list at $72 billion.

Here's the Massachusetts list, with hometowns listed in bold and excerpts from Forbes:

Abigail Johnson$17.2 billion, Milton
"The Harvard MBA joined the family mutual fund and investment business firm, Fidelity, 26 years ago ... The 52-year-old is widely expected to be the next CEO when her father retires."

Edward Johnson, $9.3 billion, Boston
"Edward Johnson III is the chairman and CEO of Fidelity Investments. His father founded the Boston-based firm in 1946 and today it is the second-largest mutual fund company (behind Vanguard) in the U.S."

Jim Davis, $3.1 billion, Newton
"Jim Davis bought New Balance on the day of the Boston Marathon in 1972. In the past 40 years, the company has expanded beyond running shoes into clothing and equipment for soccer, field hockey and lacrosse. New Balance is the only large athletic shoe company still manufacturing in the U.S."

Amos Hostetter, $2.9 billion, Boston
"In 1963, Amos Hostetter invested $4,000 in a cable company that would eventually become Continental Cablevision, the largest privately-held cable company in the country ... He now owns Boston's Lewis Wharf, home to Pilot House Ventures, his early-stage investment vehicle, and invests in cable and broadband operations and real estate."

Robert Kraft, $2.9 billion, Brookline
"Robert Kraft's New England Patriots have dominated in recent years, putting together nine straight seasons with at least 10 wins ... The Patriots, which he bought in 1995 for $172 million, are now worth a new high of $1.8 billion. Meanwhile his Kraft Group paper business has sales of over $2 billion."

Phillip Ragon, $1.5 billion, Boston
"Phillip Ragon, known as Terry, founded Cambridge, MA-based InterSystems in 1978 and built it into a $463 million (2013 revenues) company, selling databases and other software tools."
Rob C July 16, 2014 at 04:05 PM
Paul, You should have contacted the AG office, they have people to take care of this kind of thing for people that cant fight back on their own. You may encounter a problem as Martha and the rest of her ilk get a ton of money from them so she may not want to help you. There are also plenty of lawyers that would have done pro-bono work for you. But since we just have your side of the story and we don't have all the facts in this case, we cant make any judgments on it of our own. All you are doing is throwing out accusations and name calling.
Paul Bishop July 16, 2014 at 04:38 PM
Rob, you are a partisan fool and nothing more, so please just keep your idiocy to yourself. Would you like a list of lawyers who flatly refused? Would you like to see the commun ications with the AG and EEOC? With the legal advocates from CCFA? What you fail to understand is that Fidelity brought their attorneys tyo bear under "right to work" laws, which basically translate to "right to terminate". What was done was because Massachusetts allows the disabled to be LAID OFF if the company makes a claim they need to replace a worker who is too disabled to do their job. Like me. However, Fidelity used a second set of actions to claim although I was too sick to work for THEM, I was well enough to work for ANYONE ELSE. This actually works here in Mass.. and I am hardly the first person Fidelity did this to. I was approved for SSDI in less than a month due to the completeness of my documents, but Fidelity pulled a clause which allowed to suppress medical documentation by pushing the doctor's office past a "drop dead" date past which I had no legal recourse. Understand yet, you idiot shill?
Paul Bishop July 16, 2014 at 04:42 PM
What we have is the TRUTH, Rob, of events that happened nearly ten years ago now.. and some moron shill (you) claiming without any sort of basis that the reality is otherwise. Please Rob, explain YOUR iron in this fire? You have NONE of the facts, yet you feel okay in implying I am being dishonest. I am NOT the only person Fidelity has done similar things to. So tell us, Rob, What is your purpose in claiming what happened is anything but the fact?
Rob C July 16, 2014 at 04:58 PM
Again, I just have your say as to the situation. From the sounds of it a competent attorney would have won your case or the AG's office would have done it for free. Since neither of those happened and you appear to be so sure that you should have won, then I have to doubt your story. The internet is full of disgruntled ex employees that will say anything to put down a past employer. For all I know you could be one of those that recently had a job sent to another state and you didn't want to move so you are now out of work. Enjoy your campaign to put down your former employer.
Paul Bishop July 16, 2014 at 11:35 PM
You sir are an ass. You haven't the first idea of the situation, nor do you have the first idea of employment law as pertains to the situation. All you have is what appears to be a need to whine, when all I did was relate the facts of the events. I unfortunately had to live them, and the reality is that the public at large (SocSec) has to foot the bill. There is no disputing I am disabled, nor is there any dispute that I became disabled while employed by Fidelity, by a disability which was covered under my policy. Unfortunately, I discovered that if an employer is willing to act in this way, they actually can (and unfortunately DID) throw me to the wolves. Why this is such a problem for you to grasp is beyond comprehension.

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